Lennar (NYSE:LEN) Earns "In-Line" Rating from Evercore ISI

Lennar (NYSE:LEN - Get Free Report)'s stock had its "in-line" rating reiterated by equities research analysts at Evercore ISI in a research note issued on Monday, MarketBeat.com reports. They presently have a $131.00 price target on the construction company's stock, down from their previous price target of $159.00. Evercore ISI's target price points to a potential upside of 15.09% from the company's current price.

A number of other brokerages have also weighed in on LEN. Keefe, Bruyette & Woods lowered Lennar from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $152.00 to $141.00 in a research note on Tuesday, March 11th. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered their price objective on shares of Lennar from $192.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Wedbush reissued a "neutral" rating and issued a $158.00 target price on shares of Lennar in a research report on Monday, March 17th. Finally, Bank of America lowered their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. Fifteen investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $151.07.

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Lennar Stock Down 3.5 %

Shares of NYSE LEN traded down $4.15 during trading hours on Monday, hitting $113.83. 3,553,781 shares of the stock were exchanged, compared to its average volume of 2,479,698. The company has a market cap of $30.22 billion, a PE ratio of 7.94, a PEG ratio of 1.24 and a beta of 1.69. Lennar has a 12 month low of $111.26 and a 12 month high of $187.61. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $124.05 and a 200-day moving average price of $151.33.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.70 by $0.44. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Lennar will post 12.48 EPS for the current year.

Institutional Investors Weigh In On Lennar

A number of hedge funds have recently modified their holdings of the business. Armstrong Advisory Group Inc. grew its stake in shares of Lennar by 69.4% in the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust acquired a new position in Lennar in the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in Lennar in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Lennar in the fourth quarter valued at $28,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Lennar in the 4th quarter valued at $30,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.